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The Effect of Financial Development on Foreign Direct Investment | ||
| Iranian Economic Review | ||
| دوره 24، شماره 4، اسفند 2020، صفحه 885-906 اصل مقاله (1.11 M) | ||
| شناسه دیجیتال (DOI): 10.22059/ier.2020.78823 | ||
| نویسندگان | ||
| Mohsen Gholizadeh Keykanloo1؛ Shamseddin Hosseini* 2؛ Karim Emami Jazeh3؛ Ali Askari4 | ||
| 1Department of Economics, Science & Research Branch, Islamic Azad University, Tehran, Iran. | ||
| 2Department of Economics, Allameh Tabataba'i University, Tehran, Iran. | ||
| 3Department of Economics, Science and Research Branch, Islamic Azad University, Tehran, Iran. | ||
| 4Department of Economics, South Tehran Branch, Islamic Azad University, Tehran, Iran. | ||
| چکیده | ||
| The relationship between financial development indexes and foreign direct investment is studied in this paper. The main objective is to examine the effects of financial development indicators in two groups (the financial markets index and the financial institution index) on the FDI absorption rate. The effects of these indicators have been evaluated in the form of a panel data model for 11 countries including (Saudi Arabia, Argentina, Sweden, Poland, Belgium, Iran, Thailand, Nigeria, Austria, Norway, and Venezuela) in the period 1990 to 2014. The results show that when the financial institutional index including (FID, FIE), financial market index including (FMD), GDP & DCP increase the FDI increases, and when FIA, FMA & FME increase, the FDI decreases. So Expanding the capital market will increase FDI attraction in selected countries, and for countries with weak capital markets, the financial market access index and the financial institution efficiency index has a significant negative effect on FDI absorption and vice versa. | ||
| کلیدواژهها | ||
| Financial Market Index؛ Financial Institution Index؛ Foreign Direct Investment؛ Panel Data | ||
| مراجع | ||
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